Club Marine Introduces Land-Based Insurance for Race Boats
Club Marine Introduces Land-Based Insurance for Race Boats
0
Club Marine, Australia's leading boat insurance provider, has announced a new partnership with the Australian Offshore Powerboat Club (AOPC) to offer specialised insurance coverage for race boats while they are on land.
This initiative addresses a significant gap in the market, providing protection against accidental loss, damage, theft, or malicious damage to vessels during storage and transit.
Historically, securing insurance for race boats outside of active competition has been challenging. The new policy from Club Marine offers peace of mind to owners by covering their vessels when they are not in the water. Additionally, policyholders can claim up to $2,000 for non-refundable race and tournament entry fees if an insured incident prevents participation.
AOPC Commodore Antony De Fina highlighted the importance of this development, noting that such insurance was previously unavailable. He emphasised that the fear of damage during transit or theft has been a significant concern for race boat owners, and this new offering provides much-needed relief.
Club Marine CEO Tim Wiles expressed enthusiasm about the partnership, stating that it reflects the company's commitment to supporting the sport and strengthening connections with boating enthusiasts across Australia.
This collaboration underscores Club Marine's dedication to the boating community, offering tailored solutions that meet the unique needs of race boat owners. By addressing the specific risks associated with transporting and storing high-performance vessels, Club Marine continues to lead in providing comprehensive marine insurance solutions.
Published:Tuesday, 24th Mar 2026 Source: Paige Estritori
AIA Australia has recently updated its Priority Protection life insurance suite, introducing changes designed to simplify discounts, enhance policy clarity, and support premium affordability. These enhancements, effective from 9 November 2025, reflect AIA's commitment to providing value-driven solutions for policyholders. - read more
Recent findings from a survey conducted by Zurich and the University of Oxford reveal that Australia has one of the lowest life insurance penetration rates globally. The study indicates that only 27% of Australians have income protection insurance, and 25% possess life insurance coverage. These figures are notably lower than the global averages of 33% for income protection and 32% for life insurance. - read more
Zurich has introduced a groundbreaking Women's Health Benefit within its Corporate Care Income Protection product, marking the first dedicated corporate income protection benefit in Australia designed specifically for female health conditions and events. This initiative aims to provide targeted support for women experiencing health issues that can impact their professional lives. - read more
Club Marine, Australia's leading boat insurance provider, has announced a new partnership with the Australian Offshore Powerboat Club (AOPC) to offer specialised insurance coverage for race boats while they are on land. This initiative addresses a significant gap in the market, providing protection against accidental loss, damage, theft, or malicious damage to vessels during storage and transit. - read more
Recent data from global insurance broker Marsh indicates a notable decline in commercial insurance rates across the Pacific region, with a 12% drop recorded in the last quarter of 2025. This marks the steepest decrease since early 2024, suggesting a softening market and increased competition among insurers. - read more
If you are like most people on this planet, you are not financially free. You would not be able to stop working and still support yourself and your family from your financial resources. Your continued ability to work to earn an income would therefore be one of your greatest assets. - read more
In today's ever-changing world, financial security is a cornerstone of peace of mind, particularly for Australians grappling with medical histories. Income protection insurance emerges as a pivotal solution, safeguarding not only the individual’s fiscal health but the well-being of their dependents. This introduction explores the nuances of income protection insurance and its particular significance for those with pre-existing medical conditions. - read more
When the unexpected strikes, such as an illness or injury hindering our ability to earn a living, the financial repercussions can be devastating. This is where income protection insurance becomes a pivotal part of our financial safety net, ensuring a stream of income during challenging times. Income protection insurance is specifically designed to replace a significant portion of your salary if you're unable to work due to medical reasons, providing peace of mind and financial stability when you need it most. - read more
When it comes to life insurance, a pre-existing condition refers to any medical condition or illness that you have been diagnosed with before applying for a life insurance policy. - read more
Income protection insurance is a safeguard that provides individuals with financial stability in the event they are unable to work due to illness or injury. This type of insurance typically replaces a significant percentage of the insured's income, ensuring that their financial commitments can still be met during periods when they cannot earn an income through employment. - read more
Start Here !
Apply now for your free Income Insurance assessment and price
comparisons!
All quotes are provided free and without obligation. We respect your privacy.
Knowledgebase
Aggregate Limit: The maximum amount an insurer will pay for all covered losses during a policy period.
